Fundamentals

Non-Opec-Plus: May Output Flat on Canadian Fires, Brazil Strikes

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Production of liquid hydrocarbons by countries not aligned to Opec-plus, including refinery gains, amounted to 49 million barrels per day in May, according to Energy Intelligence’s preliminary assessment, flat compared to April. Crude oil output was estimated to have fallen by over 500,000 b/d to 32.6 million b/d as a result of epic forest fires in Canada and worker strikes in Brazil.

Topics:
Crude Oil, Oil Supply, Non-Opec Supply
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